Techno Digital cites 150 MW funnel after ₹658 crore capex

Techno Electric & Engineering Company Limited, through Techno Digital, reported about 150 MW of information-technology (IT) load under active discussion and about ₹658 crore of cumulative data-centre capital expenditure as at 30 September 2026. Chennai accounted for about ₹565 crore of deployed capital, while the demand funnel contained more than 30 open opportunities.

What is Techno Digital's current data-centre footprint?

Techno Digital has a planned 250 MW digital-infrastructure portfolio by FY32, comprising centralised campuses and a 102-location edge network across 23 states. The company says the edge rollout is being undertaken with RailTel and has access to more than 63,000 kilometres of RailTel’s fibre network.

The listed portfolio includes a 24 MW Chennai Campus with Phase 1 live, a 10 MW Noida Campus under construction and a 12 MW Kolkata Campus under construction. The company also lists a 1.35 MW Andhra Pradesh facility under construction, built for an end user, alongside operating edge data centres in Gurgaon and Mumbai.

Capacity is IT load unless the presentation identifies it as facility load. Chennai, Gurgaon and Mumbai are listed as live, whereas Noida, Kolkata and Andhra Pradesh are in construction, making the 250 MW FY32 figure a planned portfolio rather than a measure of currently operating capacity.

Chennai is Techno Digital’s largest listed campus at 24 MW, and the company says its design IT load was re-engineered upward. The facility is certified to TIA-942-B and Indian Green Building Council Gold standards, while Gurgaon’s 0.4 MW edge data centre is fully occupied and Mumbai’s 0.8 MW site has customers onboarded.

How much data-centre demand is Techno Digital discussing?

Techno Digital says about 150 MW of aggregate IT load is under active discussion with global hyperscale, artificial-intelligence infrastructure and enterprise counterparties. The company identifies more than 30 open opportunities in this funnel, but does not describe the 150 MW as contracted capacity.

The presentation also reports more than 10 new customer logos since April. Its disclosed operating traction differs by location: Noida’s 500 kilowatt Phase 0 is operational with a customer onboarded, Gurgaon is 100% occupied, and Mumbai has customers onboarded, while Kolkata remains at the foundation-work stage.

Management says Techno Digital commits capital when it has visibility of opportunity or when capacity is contracted. The presentation does not disclose a conversion rate for the 30-plus opportunities, the amount of capacity already contracted, customer names, commercial pricing or expected conversion dates.

The funnel is substantially larger than the capacities listed for the four centralised campuses, which total 47.35 MW. That comparison does not establish how much of the 150 MW could be served by existing assets, because Techno Digital does not map individual opportunities to campuses, construction phases or the 250 MW FY32 plan.

Where has Techno Digital deployed ₹658 crore?

Techno Digital had deployed about ₹658 crore of cumulative data-centre capital expenditure across its portfolio by 30 September 2026, including about ₹565 crore at Chennai. The figures show that Chennai accounted for most capital deployed to date, with about ₹93 crore representing the difference between Chennai capex and the portfolio total.

For FY27, management says investment is concentrated on Chennai, Noida and Kolkata. The company does not give a separate capital allocation for Noida or Kolkata, but it lists a 10 MW Noida campus under construction and a 12 MW Kolkata campus where foundation works are in progress.

These amounts are capital expenditure deployed to date, not revenue, operating profit or future committed spending. The ₹658 crore therefore covers assets at different stages, including Chennai’s live Phase 1, operating edge sites and campuses still under construction.

The capital focus on three campuses differs from the company’s geographically broader edge strategy of 102 locations across 23 states. Techno Digital describes the campus-and-edge model as combining centralised processing in Chennai, Noida, Kolkata and Andhra Pradesh with lower-latency processing closer to users through the RailTel-linked edge network.

When are Techno Digital's next campuses expected to go live?

Techno Digital targets completion of Noida Phase 1, representing 5 MW, by the end of FY27. Its 500 kilowatt Phase 0 is already operational with a customer onboarded, separating the initial live module from the larger Phase 1 construction target.

The company targets the 12 MW Kolkata Campus to be live by FY29, with foundation works in progress. It also says construction has started on the 1.35 MW Andhra Pradesh facility and targets it to go live in the first half of FY28; the presentation describes that facility as built for an end user.

The three under-construction campuses at Noida, Kolkata and Andhra Pradesh represent 23.35 MW of listed capacity, compared with Chennai’s 24 MW. The presentation does not specify the further phases, site additions or annual construction schedule needed to reach the planned 250 MW portfolio by FY32.

The company’s disclosed milestones therefore run from Noida by the end of FY27 to Andhra Pradesh in the first half of FY28 and Kolkata by FY29. These are management targets, rather than reported commissioning outcomes, and the presentation gives no target date for full commissioning of Noida’s listed 10 MW campus.

How does Techno Digital plan to generate recurring revenue?

Techno Digital presents its value-creation path as engineering, procurement and construction capability, followed by ownership and operation, contracted revenue and recurring annuity. Its offerings include colocation and hyperscale capacity for global cloud operators and large enterprises, plus cloud and managed services operated from Gurgaon under a Department of Telecommunications licence.

The company says its 102-site edge network supports private, hybrid and sovereign cloud services, along with artificial intelligence, machine learning, augmented reality, virtual reality and Internet of Things workloads. It also cites nine-layer security, disaster recovery and a central network operations centre and security operations centre across the estate.

Techno Digital describes power delivery and grid proximity as its differentiation, drawing on the parent company’s 45 years of grid-building experience. This is a positioning statement rather than a disclosed financial outcome, as the presentation provides no digital-infrastructure revenue, margin, portfolio-wide utilisation rate or total signed long-term capacity.

The contrast between Gurgaon’s 100% occupancy and the 150 MW active-discussion funnel illustrates the difference between operating utilisation and prospective demand. Techno Digital does not disclose comparable utilisation for Chennai, Mumbai, Noida Phase 0 or the wider 102-site edge network.

Conclusion

Techno Digital’s presentation depicts a data-centre business with a 24 MW Chennai campus in Phase 1 live, smaller live edge sites in Gurgaon and Mumbai, and construction underway at Noida, Kolkata and Andhra Pradesh. About ₹658 crore had been deployed by 30 September 2026, while the company reported about 150 MW of IT-load discussions across more than 30 opportunities.

The next disclosed milestones are Noida Phase 1’s 5 MW completion target by the end of FY27, Andhra Pradesh’s first-half FY28 target and Kolkata’s FY29 target. Management’s stated capital discipline links investment to opportunity visibility or contracted capacity, so conversion of the 150 MW funnel into disclosed contracts and operating capacity remains the key matter to watch.